Familiness Proves Vital in Helping Family Businesses Survive Through Tough Times

Online, May 3, 2010 (Newswire.com) - Mike McGrann, Executive Director of the S. Dale High Center for Family Business at Elizabethtown College, has written a White Paper entitled 'Capitalizing on the Familiness in the Family Business'. This White Paper has been posted by The Network of Family Businesses.

There are many varying statistics but most researchers agree that less than 20% of Family Businesses survive to the third generation. In these current economic times Families in Business are seeking information, understanding, and application to capitalize on the competitive advantage they have as a family for economical survival. This phenomenon of Familiness capitalizes on the family mindset to pass the business to the next generation. In the seminar on May 18th, Mike will reinforce the unique competitive advantage derived from Familiness in the Family Business.

In an effort to support Family Business leaders, Dr. Steven K. Moyer, President of The Network of Family Businesses states now there is an opportunity for Families in Business to learn and dialogue with Mike about the competitive advantage of Familiness at the website www.netfamilybusiness.com.

The Network of Family Businesses is committed to serve and support the networking, education, development and generational transfer of Family Businesses across the Globe by utilizing innovative and revolutionary technology. The Network of Family Businesses supports the growth and development of high performance Family Business leaders by providing monthly educational seminars, exclusive affinity groups and opportunities to tap into a variety of on-line articles and materials.

The Network of Family Businesses overall objective is to serve and assist Family Businesses as they build and preserve their Family Legacy.